RLJ Lodging Trust (NYSE:RLJ) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its position in RLJ Lodging Trust (NYSE:RLJ) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,100 shares of the real estate investment trust’s stock after purchasing an additional 10,400 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of RLJ Lodging Trust worth $2,074,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of RLJ Lodging Trust by 0.5% in the 4th quarter. Rhumbline Advisers now owns 282,846 shares of the real estate investment trust’s stock worth $2,888,000 after acquiring an additional 1,320 shares in the last quarter. US Bancorp DE boosted its holdings in RLJ Lodging Trust by 78.2% in the fourth quarter. US Bancorp DE now owns 3,230 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,417 shares during the period. Public Employees Retirement System of Ohio increased its stake in RLJ Lodging Trust by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 389,527 shares of the real estate investment trust’s stock valued at $3,576,000 after purchasing an additional 1,634 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of RLJ Lodging Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 17,594 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,796 shares during the period. Finally, EntryPoint Capital LLC lifted its position in shares of RLJ Lodging Trust by 23.8% in the 4th quarter. EntryPoint Capital LLC now owns 13,659 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 2,624 shares during the last quarter. 92.35% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Patricia L. Gibson bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average price of $8.03 per share, with a total value of $80,300.00. Following the completion of the purchase, the director now directly owns 124,217 shares of the company’s stock, valued at $997,462.51. This represents a 8.76 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by insiders.

RLJ Lodging Trust Trading Up 0.1 %

NYSE:RLJ opened at $7.99 on Thursday. RLJ Lodging Trust has a 1 year low of $7.79 and a 1 year high of $11.99. The business has a fifty day moving average of $9.21 and a 200-day moving average of $9.55. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.87 and a beta of 1.69.

RLJ Lodging Trust (NYSE:RLJ) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.36. The firm had revenue of $329.99 million for the quarter, compared to analysts’ expectations of $324.66 million. RLJ Lodging Trust had a net margin of 5.19% and a return on equity of 3.58%. Equities analysts predict that RLJ Lodging Trust will post 1.37 earnings per share for the current year.

RLJ Lodging Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date is Monday, March 31st. RLJ Lodging Trust’s payout ratio is currently 222.22%.

Wall Street Analysts Forecast Growth

RLJ has been the topic of several research reports. Truist Financial lowered shares of RLJ Lodging Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $11.00 to $10.00 in a research note on Friday, March 21st. KeyCorp cut their price target on RLJ Lodging Trust from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company lowered their price objective on RLJ Lodging Trust from $10.50 to $9.75 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded RLJ Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, RLJ Lodging Trust currently has an average rating of “Hold” and an average price target of $10.82.

RLJ Lodging Trust Profile

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio currently consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.